529 Conversions to ROTH IRA
1. Starting in 2024
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2. Open and fund your 529 Education Account
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3. 529 Contributions are tax deductible
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4. Must name a beneficiary
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5. After being open for 15 years you can convert funds to a ROTH IRA
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6. Lifetime rollover limit is $35,000
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7. Rollover contributions count toward the ROTH IRA contribution limits
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8. This is a way to reduce your tax burden today and then someday grow that money tax free
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